– Currently, 40 million bitcoin addresses are in profit. That’s 80% of all addresses, and this is the most addresses in profit ever recorded (actual numbers, not percentage). All this is according to data analytics firm Glassnode.
– Crypto investment funds just had the largest net inflows in a single week since July 2022. Incoming funds totalled $326 million and were particularly pronounced in Bitcoin and Solana-focused funds. This is according to a CoinShares report.
– The number of transactions that involve more than $100,000 worth of bitcoin per transaction reached a 2023 all time high last week, at 23,400 on October 24th. That’s according to IntoTheBlock. This data again shows that institutions and whales are back in action.
– The total value locked on all DeFi protocols is at a 10 week high, at $42 billion, according to DefiLlama.
#Crypto
@TheAnalyst100#Trading_Psychology
Most of the patterns fail, and most of the analyses are wrong; the key to winning in this market is your loss should be a fixed amount while your win is at least 1.5 times more than your losses. This way, you are the winner even if you flip a coin.
Choose an amount you can tolerate if you lose it, for example, 100$ (it should be a maximum of 1% or 2% of your total capital). Your winning positions should always make you more than 150$ (risk/reward ratio:1.5). Therefore, you can understand the size of your position, then you will know if you want to short Bitcoin you should short 1 Bitcoin or 0.5 Bitcoin or …
@TheAnalyst100